Slide 1: Interim Nine Months 2018
Interim Nine Months 2018 12 December 2018 Interim Nine Months 2018 1
Slide 2: Disclaimer
Disclaimer This document and the information herein does not constitute an offer to sell, to buy or to exchange, nor an invitation to make an offer to buy, to sell or to exchange, nor a recommendation or advice, regarding any security issued by the Inditex Group. This document contains forward-looki
Slide 3: Overview
Overview Interim Nine Months 2018 3
Slide 4: Strong operating performance in 9M2018
Strong operating performance in 9M2018 Interim Nine Months 2018 4
Slide 5: Global fully integrated Store & Online sales platform
Global fully integrated Store & Online sales platform Interim Nine Months 2018 5
Slide 6: Interim Nine Months 2018: Overview
Interim Nine Months 2018: Overview Strong operating performance Satisfactory sales growth +7% in local currencies Positive LFL sales growth across all geographies Execution reflected in gross margin performance Global online sales rollout Global growth opportunities Interim Nine Months 2
Slide 7: Zara: Paris flagship
Zara: Paris flagship 54 Boulevard Haussmann Interim Nine Months 2018 7
Slide 8: Massimo Dutti: Lisbon flagship
Massimo Dutti: Lisbon flagship Avenida da Liberdade Interim Nine Months 2018 8
Slide 9: Bershka: Budapest flagship
Bershka: Budapest flagship Vörösmarty Square Oxford Street Interim Nine Months 2018 9
Slide 10: Pull&Bear: New image at Berlin flagship
Pull&Bear: New image at Berlin flagship Tautzienstraße Interim Nine Months 2018 10
Slide 11: Stradivarius: Prints collection
Stradivarius: Prints collection East Nanjing Road Interim Nine Months 2018 11
Slide 12: Zara Home: Join life
Zara Home: Join life Interim Nine Months 2018 12
Slide 13: Oysho: Ski collection
Oysho: Ski collection Place du Molard, Geneva Interim Nine Months 2018 13
Slide 14: Uterqüe: Reset collection
Uterqüe: Reset collection Interim Nine Months 2018 14
Slide 15: Financial Summary
Financial Summary Interim Nine Months 2018 15
Slide 16: Interim nine months 2018
Interim nine months 2018 € million 9M18 9M17 18/17 LC Net sales 18,437 17,963 3% 7% Gross profit 10,695 10,319 4% 9% EBIT 3,070 2,993 3% 14% Net income 2,438 2,341 4% - Strong operating performance Execution reflected in gross margin EBIT margin maintained despite -4.3% currency impact on sale
Slide 17: Satisfactory sales growth
Satisfactory sales growth € million 9M18 9M17 18/17 Net sales 18,437 17,963 3% +7% sales growth in local currencies 9M2018 FX -4.3%. 3Q2018 FX -3.2% Euro strength vs. all key currencies Interim Nine Months 2018 17
Slide 18: Second Half 2018: Overview
Second Half 2018: Overview Satisfactory execution of the model LFL in 2H18 to end November +3%, following a good start to the season, an extraordinarily warm September and +5% LFL in October/November Inditex decided not to participate in the promotional activity widely seen in the sector since
Slide 19: Gross margin
Gross margin % on Sales 9M18 9M17 18/17 Gross margin 58.0% 57.4% +56 bps Strong execution of the model avoiding promotional environment Gross profit growth of +4% to €10.7 bn Sustained commercial policies Interim Nine Months 2018 19
Slide 20: Tight control of operating expenses
Tight control of operating expenses € million 9M18 9M17 18/17 Op. expenses 6,740 6,476 4% Interim Nine Months 2018 20
Slide 21: Flexible business model
Flexible business model € million 31 Oct 18 31 Oct 17 Inventory 3,630 3,510 Receivables 838 931 Payables (7,124) (6,720) Operating working capital (2,655) (2,279) Net Cash (Debt) 6,606 6,002 Interim Nine Months 2018 21
Slide 22: Concepts
Concepts Interim Nine Months 2018 22
Slide 23: Performance per concept
Performance per concept Bershka Pull&Bear Massimo Dutti Stradivarius Zara Zara Home Oysho Uterque % Store & Online sales Interim Nine Months 2018 23
Slide 24: Performance per concept
Performance per concept Pull&Bear Stradivarius Uterque Massimo Group average Zara Oysho Bershka Home Dutti Interim Nine Months 2018 24
Slide 25: Concepts
Concepts Continued growth for the concepts Strong performance for Stradivarius and Pull&Bear Interim Nine Months 2018 25
Slide 26: Outlook
Outlook Interim Nine Months 2018 26
Slide 27: FY2018: Outlook
FY2018: Outlook Ordinary capital expenditure c. €1.5 billion Inditex maintains guidance on LFL and gross margin for 2H2018 Dividend payment of €0.375 per share on 2 November Interim Nine Months 2018 27
Slide 28: Global growth opportunities
Global growth opportunities Global fully integrated Store & Online Strong growth opportunities Interim Nine Months 2018 28
Slide 29: Global Online Sales
Global Online Sales All key markets same day/next day Interim Nine Months 2018 29
Slide 30: Zara available in 202 markets
Zara available in 202 markets East Nanjing Road Interim Nine Months 2018 30
Slide 31: Store & Online: Animal print
Store & Online: Animal print Interim Nine Months 2018 31
Slide 32: Store & Online: 70's show
Store & Online: 70’s show Interim Nine Months 2018 32
Slide 33: Store & Online: Dress time
Store & Online: Dress time Interim Nine Months 2018 33
Slide 34: Store & Online: Traveler collection
Store & Online: Traveler collection Interim Nine Months 2018 34
Slide 35: Store & Online: Join Life
Store & Online: Join Life Interim Nine Months 2018 35
Slide 36: Zara Milan
Zara Milan Milanofiori Mall Interim Nine Months 2018 36
Slide 37: Zara Malta
Zara Malta Tower Road Interim Nine Months 2018 37
Slide 38: Zara Philadelphia
Zara Philadelphia King of Prussia Interim Nine Months 2018 38
Slide 39: Zara Shanghai
Zara Shanghai MixC World Interim Nine Months 2018 39
Slide 40: Zara Tokyo
Zara Tokyo Roppongi Hills Interim Nine Months 2018 40
Slide 41: Zara Bangkok
Zara Bangkok East Nanjing Road Central World Block 37 Interim Nine Months 2018 41
Slide 42: Zara Jakarta
Zara Jakarta Senayan City Interim Nine Months 2018 42
Slide 43: FY2018 Results
FY2018 Results Results for FY2018 to be released on 13 March 2019 Interim Nine Months 2018 43
Slide 44: Interim Nine Months 2018
Interim Nine Months 2018 12 December 2018 Interim Nine Months 2018 44